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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who started this subject	9/19/2001 11:58:52 AM
From: rydad	of 5205

I found the Leap Options page and I see I can sell Juniper Jan 04 (strike price of 7.5) puts and get $2.45. I know nothing is guaranteed, but don't you think the odds are in my favor that Juniper would be higher than $7.5 per share by Jan 2004? That's a long time from now. Does anyone think we would be on the road to recovery by then? If I sold 10 contracts of Jan 04 (7.5) for $2.45 each, 10 x ($2.45 x 100) = $2450. If I get assigned it will cost me $7500 for 1000 shares of JNPR. I like Juniper as a company long term and don't mind owning it. What does everyone think? I'm kind of just thinking out loud.

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